11421 State Highway 64 W - Service Station FOR SALE


Tyler, TX 75704 | 
$4,424,031 USD
925-348-1844
11421 State Highway 64 W, Tyler, TX for Sale
$4,424,031 USD
Service Station - FOR SALE
1/1
null | 6.5% Cap Rate

11421 State Highway 64 W
Tyler, TX 75704


HIGHLIGHTS

  • Long Term Absolute NNN Lease
  • Zero Landlord Obligations
  • Corporate Guarantee
  • Scheduled 7.5% Increases in Rent
  • Income Tax Free State

OVERVIEW

This is the opportunity to acquire the 7-Eleven at 11421 State Hwy 64 in Tyler, Texas — a single-tenant convenience and fuel asset located in Tyler, the seat of Smith County. The property comprises a 2,520-square-foot building on 0.646 acres (Smith CAD parcel R041389), with State Highway 64 frontage. The property is secured by an absolute NNN lease with zero landlord responsibilities, corporately guaranteed by 7-Eleven — an investment-grade rated national convenience and fuel retailer. The lease runs through June 30, 2035, with 7.5% rent increases every five years and three five-year renewal options, providing investors with a durable, passive income stream backed by a leading national credit in income tax–free Texas.

FOR SALE DETAILS

PRICE

$4,424,031 USD

PRICE/SF

$1,756 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Eleven Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C-1

APN/PARCEL ID

1-00000-0026-00-049010

ASK ABOUT THIS PROPERTY

Kase AbusharkhThe Kase GroupMore Info
925-348-1844

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Kase AbusharkhThe Kase GroupMore Info
925-348-1844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.